China’s credit data came in better than expected, with new loans rebounded to RMB1,050 billion in March from RMB645 billion in February. Market expectations were RMB1,000 billion. Total Social Financing (TSF) jumped to RMB2,070 billion from RMB939 billion in February, against the market’s expectation of RMB1,800 billion. China’s foreign exchange reserves rose by $129 billion […]

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